Anil Singhvi strategy for March 2: Important market triggers, key levels to track in Nifty50, Nifty Bank
Zee Business Managing Editor Anil Singhvi shares his strategy for the March 2 session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,350-17,400 levels on Thursday, March 2, and a strong buy zone in the 17,250-17,300 band. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging in the 40,375-40,500 area, and a strong buy zone in the 40,125-40,300 range.
Here's how Anil Singhvi sums up the market setup on March 2:
- Global: Neutral
- FII: Neutral
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Negative
For the 50-scrip headline index, he expects a higher zone at 17,500-17,550 levels and a strong sell zone at 17,600-17,650 levels. For the banking index, he sees a higher zone at 40,875-40,975 levels and a profit-booking zone in the 41,125-41,250 band.
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